World Business Briefing | Asia: China: Government Approves Plans for Intel Plant

Published: March 14, 2007

The Intel Corporation has received approval to build a $2.5 billion chip plant in China amid the country's booming demand for chips used in personal computers and cellphones. The factory is planned for the northeastern city of Dalian, according to the cabinet's National Development and Reform Commission, the country's top economic planning agency. Intel officials in Beijing and at the company headquarters in Santa Clara, Calif., declined to comment, saying no formal announcement had been made.